Tag

borrower-side origination

2 insights

Anatomy diagram showing an illiquid asset retained by its owner, a facility structured against it, and liquidity released while ownership and future upside are kept.

Selling the Asset Is the Most Expensive Way to Raise Cash

Selling an illiquid asset to raise cash costs twice, in discount and in forfeited upside. How owners unlock liquidity by borrowing against the asset instead of selling it.
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Grid of 20 squares with 17 filled in Thalos navy, illustrating that direct lenders financed about 85% of US leveraged buyouts in 2024.

The Single-Lender Acquisition Is Narrowing Just as Deal Flow Returns

Private credit redemptions jumped 217% in a quarter. For acquirers leaning on one lender, the risk is no longer deal supply, it is certainty of close. Here is the defense.
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